Vendor Services

Managing and Monitoring Your Retirement Plan's Vendors

As an employer with a qualified retirement plan, you are responsible for monitoring the plan’s vendors and making decisions in the best interest of your plan’s participants. Our vendor consultants and analysts can help you determine how to pay for plan expenses, and can help you monitor the plan’s current vendors, or search for new vendors that best fit the plan’s needs and goals.

How We Can Help You

Vendor Monitoring

Our vendor monitoring service is research-driven, custom and proprietary. We will annually analyze your plan’s vendors, to ensure the arrangements are reasonable and necessary, and being paid for in the best way. Let us help you find new opportunities to improve fees and services, save the plan money and reduce fiduciary risk.

Vendor Search

From time to time, it is prudent to search for new vendors to service the retirement plan. We can help you determine which vendor to hire to best fit the plan’s needs, while adhering to 408(b)(2) to determine if fees are reasonable and services necessary.

Our Vendor Team can also advise you on:

Paying for plan expenses

Fee litigation

Record keepers

Plan oversight

Revenue sharing

Covered service providers

Vendor Team

The Vendor Team consists of highly credentialed consultants and analysts who concentrate solely on retirement plan vendors. This unique service allows us to negotiate with vendors on your behalf, clarifying exactly what the vendor is providing you, helping you determine if their service is beneficial for the needs of your plan.

If you’ve been following along with our Top-Performing Plan blog series, or you viewed our three-part webinar series, you know that we believe that it’s essential for the retirement planning industry to hold itself to objective performance standards. They’re essential to help you, the fiduciary, understand exactly how your plan is performing.Read More

There is a broad discussion taking place – from advisors to news and information outlets – on how fiduciaries can gain and maintain confidence in their plan, get the best performance for their employees, and avoid making mistakes with costly, sometimes legal, repercussions. Pension Consultants, Inc. is excited to be at the forefront of that […]Read More

Pension Consultants, Inc. (“PCI”) is not a law firm and does not provide legal services. A consulting relationship with PCI is not provided those legal and professional protections that normally exist under an attorney-client relationship. For more information, please visit our Disclosures webpage.